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Economy

FDI hits 10-month high of $317.4m

Foreign direct investment (FDI) during the month of October hit a 10-month high of $317.4 million, accounting for nearly 43.3% of total inflows during the current fiscal year, data released by the State Bank of Pakistan (SBP) showed on Monday.

In comparison, FDI during October 2019 was recorded as $126.5m.

During the last month, China invested $228.7m in the country while the power sector absorbed around $239m in October alone.

Meanwhile, FDI during the four-month period from July to October jumped 9% to $733m compared to $672.0m in the year-ago period, data released by SB showed.

China emerged as the top investor in the country during the four-month period, pouring in $332.1m, followed by Malta with $74m and the Netherlands with $51.5m. In comparison, China invested $64.3m during the same period last year, followed by Malta with $74.1m and Netherlands with $23.1m.

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